A Powerhouse Merger in Commercial Real Estate; Hearn Burkley to Play a Leading Role in the Region's BRAC/Interstate 95

BALTIMORE, MD, May 15 (MARKET WIRE) --
NAI KLNB Management, the area's leading third party commercial management
company announced that effective today, it will begin doing business as Hearn
Burkley, with offices in Baltimore, Elkton, Washington, DC and Springfield, VA.

In addition to the 140 commercial buildings in its 10 million square foot
portfolio, Hearn Burkley will also offer a full range of commercial real
estate brokerage and investment services for its clients.

The move comes as a result of a strategic initiative by the company's
leaders to
create a complete compliment of services for its clients, who are some of the
area's largest property owners, developers and real estate investors. According
to Hearn Burkley CEO, Timothy R. Hearn, the company's success along the I-95
corridor will allow it to create a strategic advantage in servicing the needs of
investors focusing on developing real estate as a result of the area's
expansion associated with BRAC. It will also focus on the current growth in
Eastern Hartford County and the entire growth corridor along US-40 and I-95 in
Cecil County to the Delaware state line.

Hearn, a fourth-generation broker in Baltimore real estate, was part of
theownership team that has led NAI KLNB Management from four million square feet
in
2002 to more than ten million square feet in 2008. Hearn Burkley will open its
doors with over 65 employees in four offices.

Hearn is joined by three other operating partners, including John K. Burkley
II, who the team likes to refer to as the "King of Cecil County." In reality,
Burkley is a third generation Cecil County Real Estate veteran who is president
of the John K. Burkley Company, a company founded by his grandfather in 1949
to specialize in commercial and industrial real estate brokerage and
development. The John K. Burkley Company is also one of Cecil County's
largest independent insurance agencies. The John K. Burkley Company has
provided
commercial and personal insurance to its customers since its inception in 1949.
The insurance agency will continue to grow with the addition of two new
employees and the completion of an expansion of their office in Elkton. The
insurance agency will not be affected by the real estate merger.

In addition to Hearn and Burkley, two additional KLNB veterans and
well-known
names in the industry will have an ownership role in the new venture: Louis
J. Kousouris III will be President and David Dannenfelter will be Executive Vice
President of Hearn Burkley.

When asked what sets Hearn Burkley apart from other commercial real estate
companies, Hearn answers without hesitation, "Our mission is to create wealth
for property owners, developers and investors by managing properties, leasing
space and advising clients on investment purchases. With a focus on centralized
property accounting practices, our regional focus and the use of a single point
of
contact within our company, we can offer our clients an experienced approach
whether they need property management or brokerage services."

Other leaders in the company include Michael Neu, Jeannine Wolfe and Reda
Duffy, all of whom are Portfolio Managers with more than ten years of
experience in the industry and whose clients include such well-known investors
as Grosvenor Urban Retail, McCaffery Interests, LaSalle Investment Management
and
Vanguard Properties. Donald Simpson will act as the Chief Financial Officer
of the company, with thirty years experience having worked with such industry
leaders as The Arundel Corporation, Jolly Construction and the Morris H. Wolf
Company.

Current Hearn Burkley clients also include TA Associates, Wolf
Development,AMG Realty and Ruocco Enterprises. One of John Burkley's most
notable projects
is the development of the Upper Chesapeake Corporate Center, completed in
partnership with his late father, William F. Burkley. The Upper Chesapeake
Corporate Center is a 220-acre office and industrial center located on Route 40
in
Elkton, at the MD/DE state line.

Mr. Burkley's most recent clients include the Terumo Corp, W. L. Gore &
Associates, Aberdeen Proving Ground Federal Credit Union, Social Security
Administration, Department of Veteran Affairs, Performance Food Groups, Stewart
Companies of York, PA and the Union Hospital of Cecil County.

Unlike other real estate management and brokerage firms, Mr. Burkley's
insurance
agency will also be in a unique position to provide expert insurance advice and
consultation on the complex coverage issues faced by real estate developers
and investors. The John K. Burkley Company insurance agency represents several
nationally known companies such as the Travelers, Firemans Fund, Liberty
Mutual, Ohio Casualty, Donegal Mutual and Harleysville Insurance.

Hearn also minimizes concerns of timing related to the current economy. "As
our
focus is dominated by our work for well capitalized landlords and
institutional real estate owners, these investors remain active buyers due to
the absence of debt within their portfolios. Our region has already started to
see the BRAC driven growth in the economy, as well as the continual growth
within the Capitol region from the Federal Government. From a property
management
perspective, third party property management can prosper as a result of the
investor and development community choosing to outsource this work in a
slower economy."

Hearn Burkley is the area's leading third party commercial management
company with
offices in Baltimore, Elkton, Washington, DC and Springfield, VA. In addition
to the
140 commercial buildings in its 10 million square foot portfolio, Hearn Burkley
also offers a full range of commercial real estate brokerage and investment
services for its clients. For more information, visit www.hearnburkley.com or
call 443-297-9000.

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Contact:
Melissa Manankil
Senior Associate
Phone: 410/889/4112
Fax: 410/889/4492
Email Address: melissa@spinllc.com
Website URL: www.spinllc.com

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